Luxembourg insurance market insights 2023

Luxembourg insurance market insights are based on a data sample of c. 200 solo firms processed by Solvency II Wire Data.

The chart below reveals that the bulk of solo Luxembourg carriers reoprted a Solvency II ratio of between 100% – 300% in the 2023 QRTs.

Solvency ratio distribution of c 200 solo Luxembourg insurers 2023
SOURCE: Solvency II Wire Data

Further analysis shows the distribution by life and non life insurance of firms that have published Solvency II ratios for all years between 2016 – 2023.

Solvency ratios of Luxembourg solo insurers 2016 2023
SOURCE: Solvency II Wire Data

Further 2023 SFCR analysis from Solvency II Wire Data

Distribution of group SCR and MCR ratios of European insurers 2016 – 2023

UK Solvency ratio distribution 2016 – 2023

Insurance asset allocation of Europe’s largest groups 2016 – 2023

SFCR 2023: Solvency II template S.25.05 partial and full internal model reporting

European insurers that halved their solvency ratio in 2023

AXA Group reports highest Solvency II ratio to date


More information about the data is available to premium subscribers of Solvency II Wire Data and subscribers to Solvency II Wire‘s exclusive SFCR Spotlight mailing list (subscribe for free here).

Datasets available on Solvency II Wire Data

    • Bermuda Financial Statements: data for 226 insurers 2016 – 2023 (1324 reports) selected tables

    • Israel Economic Solvency Ratio Reports: all available data 2016 – 2022

    • SOLVENCY II WIRE DATA Captive Hub